
Tensions escalate as US imposes blockade on Strait of Hormuz following failed peace talks, impacting global trade beyond oil.
AI-generated summary
Oil prices jumped over 7% to surpass $100 a barrel after the US ordered a blockade of Iranian ports and the Strait of Hormuz, escalating tensions following failed peace talks. The move disrupts global trade, impacting not only oil but also vital commodities like aluminum and fertilizers.

Spain recorded a net extraction of gas from its underground warehouses this summer, breaking its historical filling pattern. High electricity demand and a 23% drop in LNG imports by ship, due to global competition, mark the energy scenario.

According to data from the US Energy Information Administration, after the US/Israel-Iran War, the amount of oil passing through the Strait of Hormuz dropped by 77 percent and the flow of LNG dropped by 92 percent. Experts point out that despite the flexibility of the oil infrastructure, LNG has no alternative.

TENMAK and Copenhagen Atomics have signed a cooperation agreement to utilize Turkey’s thorium resources in nuclear technologies. The work aims to use thorium in molten salt reactors.
According to the International Energy Agency's report, Türkiye experienced the fastest increase in electricity demand among IEA members in the 2005-2024 period. The report emphasized the importance of network, storage and renewable energy investments.

Turkish Energy, Nuclear and Mining Research Agency (TENMAK) and Danish Copenhagen Atomics signed a memorandum of understanding for the use of thorium in new generation small modular reactors.

Africa's renewable energy sector is expanding rapidly through solar and wind projects, driven by fossil fuel supply shocks and supported by international investments, including significant contributions from China.